THE Honda F1 prototype arrived at Jerez at the end of last week to run alongside other F1 machinery for the first time and by Friday evening the F1 circus was sitting up and taking notice with Jos Verstappen having set a time which was nearly a second faster than Jacques Villeneuve's BAR.
THERE continues to be considerable confusion over the details of the sale of Arrows Grand Prix to a new consortium and the form which the team will take this season. The most recent Arrows press release talked of the team being valued at $175m but it seems that the actual income from the sale was probably only in the region of $120m as it can safely be assumed that Tom Walkinshaw's 25% share in the consortium will have been paid for in people, machinery and facilities and 5% of the shares have been allocated to the staff.
ARGENTINA's Ministry of Sport has announced that there will not be a Grand Prix in Buenos Aires this year. There had been hopes that a race could be staged on March 28 but after a meeting between the organizers and Paddy McNally, who represented Bernie Ecclestone's Formula 1 Holdings, no financial agreement could be reached. McNally told Argentine reporters that the race was "not financially viable".
THE Sauber team unveiled its C18 chassis last week at the Jean Tinguely museum in Basle, and the Swiss team was keen to play down any hopes of any big leap forward in terms of results.
TODAY in Barcelona, Williams Grand Prix Engineering will unveil its new car - the FW21 - and the team hopes that it will give Alex Zanardi and Ralf Schumacher the opportunity to take on McLaren and Ferrari in 1999 after a disappointing 1998 season.
AS we have been predicting since 1996, Toyota is planning to enter Formula 1 racing. The news was announced in Tokyo last week by the company's president Hiroshi Okuda.
IN a move which is apparently unrelated to the problems of the Argentine Grand Prix, Esteban Tuero has announced that he is quitting Formula 1 immediately on "irrevocable personal grounds". The 20-year-old was under contract to Minardi until the end of the 2000 season but has decided to stop racing altogether.
THE Argentine Grand Prix in Buenos Aires is expected to be confirmed for March 28 later this week.
AT the launch of the new Benetton-Playlife B199 at Enstone last weekend the team revealed a radically new front brake system which it has dubbed "Front Torque Transfer".
ALTHOUGH the news has yet to be officially announced we understand that Benetton's sponsor Federal Express has decided to move to Stewart Grand Prix.
FED up with waiting for the European Commission to decide on whether or not the FIA conforms to Europe's competition regulations, FIA President Max Mosley has launched another assault on the Commission.
THE Arrows Formula 1 team has been sold to a new consortium in a deal which is worth around $175m. It seems that most of this money has gone to the team's founders Jackie Oliver and Alan Rees who have remained the owners of the team's shares in recent years but had leased the majority shareholding to Tom Walkinshaw and his associate Peter Darnbrough.
IN a move which could have a profound effect on Grand Prix racing in the long term, British American Tobacco has agreed to buy Rothmans International in a deal worth around $7.5bn.
THE Toyota Motor Corporation's planned drive into Europe is taking shape with the announcement last week that it has chosen the new Yaris model to spearhead the attack.
THE Williams team set the fastest time in last week's testing in Barcelona with Alessandro Zanardi completing 125 laps of the track with a best of 1m23.76s, which was set on the first test of the Spanish test.
THE SUNDAY TIMES in London reported yesterday that Formula 1 boss Bernie Ecclestone is supporting Brands Hatch in its bid to buy Silverstone.
THERE have been some significant changes at Stewart Grand Prix in recent weeks with the appointment of a new managing-director David Ring.
THE word on the street at Benetton headquarters in Enstone is that Benetton's big sponsor Federal Express may be ending its relationship with the team - because results in 1998 do not justify the money being asked for by the team for 1999.
ACCORDING to reports in the European press Ferrari is to have a big advantage over its rivals in Formula 1 in 1999, following the news that the Italian team is going to be allowed to have 200 more tires from Bridgestone than the opposition will be allowed.
THE decision of the International Chamber of Commerce's International Court of Arbitration as to whether or not BritishÊAmericanÊRacing should be allowed to run cars in two different liveries in the 1999 Formula 1 World Championship - despite the FIA's rules - has been delayed until the end of January.
JACQUES VILLENEUVE kicked off the 1999 Formula 1 season with the prediction that British American Racing will be challenging for race wins from the very start of the year.
WILLIAMS GRAND PRIX ENGINEERING - which has now decided to build up a new brand image as "Williams F1" - has just announced sponsorship deals with Nortel Networks and Brother.
EVERY so often there is an announcement from Russia that everything is ready for the country to host a Grand Prix.
BRITISH AMERICAN RACING has announced that it has not settled its differences with the FIA and that it is pursuing a legal challenge to the authority of the sport's governing body.
FERRARI and the vast American toy company Mattel have signed a multi-year deal for the exclusive worldwide rights to produce Ferrari toys, clothing and accessories, including adult products.
THE telecommunications company Teleglobe Inc. is to announce a major Formula 1 deal later today and there is little doubt that the deal will involve British American Racing as Teleglobe is a subsidiary of Montreal-based National Telesystems Ltd., which is controlled by Charles Sirois.
THE Honda Motor Corporation has finally confirmed that it is going ahead with its own Formula 1 team, bringing to an end speculation that the Japanese carmaker might be buying into an existing Grand Prix team.
DAVID HUNT, the owner of what remains of Team Lotus, is offering $8,000 for information following the theft of one of the operation's few remaining assets - a Lotus 102B - from a garage near Norwich, in Norfolk.
ALAN JENKINS, who has been the technical director of Stewart Grand Prix since the team was established in 1996, has left the company.
JORG MULLER is to be BMW's test driver this year.
FRANK WILLIAMS has received a knighthood in Britain's New Year's Day Honors List. He becomes only the second man to receive a knighthood for services to motor racing - the first being Australian Jack Brabham, who became Sir Jack in the NewÊYear'sÊHonors List in 1979.